CashDirector Expands in Europe with the Support of EIT Digital Accelerator
Oct 15, 2020
Our member CashDirector, an AI-enabled Digital CFO for SMEs with operations in Poland, France, Germany and Italy, is further expanding its services in Europe with the support of EIT Digital Accelerator and a recent financing round led by one of the largest Polish Investment Funds, EEC Magenta. Through CashDirector, banks obtain valuable touchpoints and leads, can accurately evaluate risk and offer personalised on-demand products in an efficient manner. The Digital CFO platform also allows businesses owners to save time by automating daily finance management, understand their cash-flow needs in real time, and interact online with their bank to balance short-term deficits or get funding for a business opportunity.
"We are especially excited to welcome Voytek Siewierski, a partner at EEC Magenta and a veteran of Silicon Valley venture capital industry to join our board of directors. I met Voytek in California, several years ago, and back then he realized the global potential of product and helped us with mentoring as well as networking in the US” - says Rafał Strzelecki, CEO and founder of CashDirector.
CashDirector has successfully proven its value proposition in the Polish market, serving over 100,000 entrepreneurs and SMEs as customers, and has established strategic partnerships with mBank, BNP Paribas, Millennium Bank and Nest Bank. In addition, CashDirector has begun its international expansion through two banks based in Belgium. With the new funding round, CashDirector aims to consolidate its position in Poland and accelerate its growth plans across Europe, focusing initially on the Benelux region as well as France and Germany.
Learn more about CashDirector here>